Thursday, March 05, 2009

At least one bank has figured it out.

The head shot line from the story "Johnson Bank has turned down a $100 million capital infusion from the U.S. Treasury, saying it doesn't need the money and there are too many strings attached."

I believe a lot of banks that are actually solvent are going to tell the Government to "Piss up a rope" and keep their their money because of the anal probing the banks that are taking the money are receiving.

I am sure the people running Associated Bank wish they would have taken this tack.

More money for them to waste on Citi Bank and AIG I guess

Kudos to Johnson Bank for not being bullied into a bad choice by the Federal Government.